Topic: Emotion and Trade? - page 2. (Read 1555 times)

trade is not done by all people who can control their emotions and trade only they will be successful. I think we should always keep an eye on cryptomarket to trade. To be a successful trader we should trade according to rules and reasons. To trade and profit we should be patient. If someone can be patient then it will be very good for him.

I am really agree with you. For good trading at first we need control our emotion. Emotional trade never give us good result. Who will able to control emotion he will be profitable in trade. So we will be control our emotion in trade. Patience is also important things for trading. Some times we saw we are profited and some times we are loser in trade but don't afraid or Don't more happy and control emotion. When we able to control emotion then we able to get profit and reduce loss. So emotion controlling is most important to trading.

It's better to learn even in a little way, by experienced you'll be able to enhance your anticipation and it's important to analyze and anticipate what will be the next market movement, emotion should be taken away when you position your entry or when you are positioning your exit, it's matter the most not to be moved by your emotion but instead it should be by knowledge and experienced.

More on your determination and practice with whatever strategy you wanted to execute and what patterns you want to follow.

It is very difficult to control emotions, of course everything has been well planned from the start and will be ready with everything but sometimes there are things that are difficult to control and emotions cannot be contained so that it becomes a big problem for traders, this is something that cannot be predicted .
But slowly we can learn some things to be able to control our emotions, I learned a lot from the experiences that have happened because with emotions we will lose everything.

It's a killer for most traders I guess, without a patience you surely feel that way, thinking that you need to stop because the market is moving the other side and the chance of losing more might come your way, only to realize that it's just a test and the market will bounce back and pump up even stronger, if you are not ready in that kind of situation for sure you will keep losing your money.

You need to make sure that by stepping into this business, you are both mentally and financially ready. I mean, you are willing to take the risk and you are ready to wait and hold until you hit your target entry and exit positions.

All matters with your target or selling point because not all would really be that the same when it comes to their selling or buying point when the price hits up on a particular range on which it would really be just depending whether you would really be acting out on basing on what you have done earlier whether taking profits or hold up your position or wouldnt really be caring at all since you are really that going after for long term.It is true that emotion is one of the biggest factor on which it could really affect someone when it comes to decision making and since we are dealing on a market on which its price is really that truly unpredictable
on which its never been that shocking nor surprising that people would really be sometimes to be that impulsive when it comes into their decisions towards their trading.

If you are really just that starting up then you would really be having that kind of common problem on which you would really be altering out your plans or analysis just because of certain common factors along the way.
Unlike when you are that experienced already then you do really know on what you should gonna do on times like this on which it would really be just that common on what you should gonna take or
on how you would really be reacting on.

If you can't control your emotions, then don't think of risking your money in the first place.
Another point that brings emotions to trading is when you are trading with the amount of money you can't afford to lose,
people trade with money that they want to use tomorrow thinking that trading is a get-rich-quick business that will double their money for them, Thereby making all the expectations to be on the profit side only and any slight loss they are tensed already.

So there could be many reasons why still someone is in loss when he has controlled emotion and basics things what should be learned. Actually when your emotions are in control you will take right decisions according to the analysis and never rush to buy or be a panic seller. It also helps to reduce loses and probability of taking risks.

We have to know in which coins / tokens he is trading? Obviously we can't predict accurately a newly launched coins/tokens and obviously their team behavior. Some tokens will not listen either technical analysis or a good trading strategy because they can be manipulated by the whales, teams or many more. So it can be a major cause to be in loss when you have all the things in control. So beside controlled emotion we must have a strong analysis based choice to trade and obviously have to learn how loses can be minimized. Because minimizing loses is a very important part to be a good trader. So don't blame on your emotions also learn how to find out potential Cryptocurrencies for trading.

In addition to controlling emotions a trader must also have a strategy for trading, this strategy will be perfect if you understand patterns and are directly involved in trading. More losses are due to lack of knowledge about trading and added to emotional control that is not yet stable when involved in it. Never hope for luck in trading because it will make it look like a gamble and in the end you will lose more.

More precisely, maybe the intended trader has no experience, emotions cannot be controlled and the strategy is not appropriate to use in certain conditions.

Strengthen knowledge about how to recognize the right strategy because sometimes when the market fluctuates we have to change certain strategies to adjust and that can all be achieved when the knowledge about trading has been maximally learned.

Very true in trading one should always be patient enough to not close a position with little profit. Sometimes traders close a position due to being inpatient and they earn far less profits due to their own emotions because if they let the trade going for some more time then they could earn a lot more profits from that trade.

It's always preferable to speculate an open position for some period before closing it, and one should always try to wait for the proper timing to earn better profit from a trade. Fear and impatient behavior are the enemies of traders and if a trader really wants to earn a lot of money then that trader should always learn to control those emotions.

The more experience you've got in trading, the more lesson it will give the point here is did you adopt the mistakes and learnings or you keep sticking to the things you've been doing since you start in trading. We know trading is not only a battle of knowledge and skills it's also included emotions getting over it might risk your trades or even save it.
Self control is the best included with knowledge and sticking to plan. Too much commitment will cause you to have unexpected results. It may be loss or profit.

I can relate to not being patient before because you know the feeling when you place a trade and you want to close it as it is not a loss or a small profit because I tend to have problems controlling my emotions and tend to overthink, like if this will go more, I should close it immediately. That is why patience is really a virtue mostly in trading. Planning the right moment to hit the trade makes you earn more profit on that entry.

Refrain from getting emotional when it comes to trending Trading must be patient. If you are not patient, you will become emotional when you lose in trading which is not good for you at all. So first of all you need to know the details about trading very seriously. So that you don't break even if you face losses. You need to be careful about the risk first of trading and then trading. So you have to be patient so that you don't get emotional when you face a loss. You have to be careful about trading seriously and know all the things so that you can profit from the business.

Managed well controlling emotion is important in trading, emotion more dominance than your knowledge in trading this why most important thing in trading could control emotion exactly at the moment bitcoin drop. Almost investor faced panic moment for selling assets and loss controlling with their emotion, its difficult for trader to be success with their emotion on the first step forward than how to manage well with controlling emotion.
Don't trade if you still emotion, back later after can stop emotion and I think an expert trader understand well how to manage with emotion, they will understood about price drop and risk with investing in cryptocurrency and emotion is one important thing how to control.

If you are very emotional and trading with that emotion then you don't need to trade. Because trading is never done by emotions, you have to do it with your intellect and strategy. If you can't control your emotions then you will lose all your money in this trading section. When you are doing trading you have to remember that you are a unemotional person you do everything you do with a lot of thought and then you do it. If you are angry about something you are angry about then you will show stupidity if you trade. Money is a very valuable resource in life so never lose it on impulse. Develop your trading skills and trading strategy After developing good trading skills, make yourself eager to learn more only then you will succeed in this section.

you have made a very good point, and a very good description you gave about water and oil, they can never mix and it is better they don't mix, and people don't even have the knowledge and they want to do crypto, which is not a very good way to move, and after buying they don't have patient to wait for the next market to get a huge profit, and I think the fault is from does introducing them, from the basics its better to make it very clear how the system works and what triggers the market and how the market is not predictable and encourage them to have patience.

Controlling your emotion is very important as it will define how successful you can be when taking part into this business, trading is more on patience and with good handling of such emotions will give you a good chance of letting the market to move accordingly, as long as you are aware with how the market might turn and you are anticipating good bounce with your position, patience will continue to allow you to wait and see the right outcome that you set up with your trading investment.

with emotions will mess up our clear minds to think about the chart that happened. then anyone who can't control his emotions then it is certain that his trading will be chaotic. therefore in learning trading usually many teach psychology first, before entering technical analysis lessons, because indeed the main thing that determines trading success is emotional control so that you can carry out the strategies that have been made. if that discipline can be implemented, then we can analyze the development of the techniques we use

Absolutely, in trading one can never over invest with emotion. Especially in the crypto currency market, which is always volatile, one has to keep  emotions under control. Those who are patient in trading always earn good profits. Trading on emotions often leads to losses. Experience is the best teacher' People who are experienced always trade well with their experience and analysis. I think instead of bot trading if you get your own experience and trade with your own analysis it can give you a good profit. However, people who have no experience in trading can use bots.

Virtually all traders had in one time or the other traded with emotions although it has a limit. If we know what we are doing and we have a tutor like a guidance taking us through the journey of becoming a good trader, it is very important that we encourage ourselves and work on emotion whenever we enter into trading.

 Trading is something we must be disciplined about or we might lost the focus and the strictness to trade in the right way. If we are not too calm as a trader, we might be taken over by the spirit of greed which will make us see trading like an opportunity to make quick money and like the market. If we have that kid of mentality, we might become a loser.